Spain: Coated Arc-Welding Electrode Market 2024

Coated Arc-Welding Electrode Market Size in Spain

The Spanish coated arc-welding electrode market declined sharply to $X in 2022, falling by X% against the previous year. Overall, consumption saw a deep downturn. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Coated Arc-Welding Electrode Production in Spain

In value terms, coated arc-welding electrode production contracted to $X in 2022 estimated in export price. In general, production saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of X%. Coated arc-welding electrode production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Coated Arc-Welding Electrode Exports

Exports from Spain

In 2022, exports of coated base metal electrodes for electric arc-welding from Spain shrank significantly to X tons, which is down by X% on the previous year's figure. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, coated arc-welding electrode exports declined sharply to $X in 2022. Over the period under review, total exports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Portugal (X tons), Cuba (X tons) and the UK (X tons) were the main destinations of coated arc-welding electrode exports from Spain, with a combined X% share of total exports. Morocco, Romania, France, Andorra, Poland, Mauritania and the Netherlands lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Morocco (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for coated arc-welding electrode exported from Spain were Portugal ($X), Cuba ($X) and Morocco ($X), together comprising X% of total exports.

Morocco, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average coated arc-welding electrode export price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mauritania ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Coated Arc-Welding Electrode Imports

Imports into Spain

In 2022, overseas purchases of coated base metal electrodes for electric arc-welding decreased by X% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, coated arc-welding electrode imports declined sharply to $X in 2022. Overall, imports saw a perceptible shrinkage. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Italy (X tons), Austria (X tons) and Romania (X tons) were the main suppliers of coated arc-welding electrode imports to Spain, with a combined X% share of total imports. Turkey, Portugal, China, the Czech Republic, the Philippines, Germany, India, France and the Netherlands lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest coated arc-welding electrode suppliers to Spain were Italy ($X), Austria ($X) and Portugal ($X), with a combined X% share of total imports. Romania, Germany, Turkey, the Czech Republic, France, China, the Netherlands, the Philippines and India lagged somewhat behind, together accounting for a further X%.

The Czech Republic, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average coated arc-welding electrode import price amounted to $X per ton, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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